Why use a Bitcoin ATM to Buy Bitcoin?
Bitcoin ATMs offer a number of advantages over other methods of purchasing bitcoins. For first time small transactions, no ID information is required. All that’s needed is a Bitcoin wallet or address and cash. Compare this to Bitcoin exchanges, which require personal details, a photo of proof of residence, and pictures of your ID.
Bitcoin ATMs also make the buying process easy for first-time buyers. Most people are familiar with cash and traditional ATMs. Inserting cash into a machine and getting bitcoins in a few seconds is a very simple process.
If you’re lucky enough to have a Bitcoin ATM in your area, it can also be a very convenient way to buy. Check out all Coin Cloud Bitcoin ATM locations here.